ITM 100 Lecture Notes - Lecture 1: Chief Information Officer, Information System, Business Process

• School: Ryerson University
• Department: Information Technology Management
• Course: ITM 100
• Professor: Debashish Roy

Document Summary

Understanding it provides insight to anyone learning about business. Sales must rely on info from operations to understand inventory, place orders, calculate transportation costs, and gain insight into product availability. Information systems (is) are computer-based tools people use to work with info and support the info and info-processing needs of an organization. Information technology (it) is the acquisition, processing, storage, and dissemination of vocal, pictorial, textual, & numerical info by microelectronics-based combination of computing and telecommunications. Management information systems (mis) is the function that plans for, develops, implements, and maintains it hardware, software, and applications that people use to support the goals of an organization. Data are raw facts that describe the characteristics of an object or event. Information is data converted into a meaningful and useful context (for sales, information can include best-selling, worst-selling item, best/worst customer) Knowledge is what information becomes when information can be acted upon, known as actionable information .